#S-REFIT

Network Corporate Finance prepared and structured the combined secondary placement and capital increase of Schmack Biogas AG. At the same time, Network Corporate Finance advised the financial investors S-Refit, BayBG and Umweltbank on the exchange of their shareholding in Schmack Biogas AG with international institutional investors.

#Key data

Industry: Energy
Client: S-REFIT
Project type: Capital Market Transactions
Description: Secondary Offering
Date: February 2007

Transaction

In the course of a combined capital increase in accordance with §186 (3) AktG and a secondary placement from existing shareholders' holding, Schmack Biogas AG increased the free float from 65.4% to 85.9%. The transaction was internationally marketed and placed with institutional investors in Europe and the USA. In the secondary placement the three financial investors S-Refit AG, Regensburg, BayBG Bayerische Beteiligungsgesellschaft mbH, Munich and UmweltBank AG, Nuremberg, fully disposed of their shareholding in Schmack Biogas AG, Schwandorf, which amounted to 13.8% of the share capital.

 

Target Company

Schmack Biogas AG, Schwandorf, listed since May 2006, is one of the pioneers of the German biogas sector. For more than 10 years the company has been setting the standard for biogas installations having a high degree of utilisation. The range of products and services includes a complete range of services for biogas plants: from project development, planning and consents through building, commissioning, technical and biological service, right up to financing and contracting models.

 

Key facts

Transaction value: EUR 100 million
Sector: Regenerative energy
Sales: EUR 85 million (2006e)
Employees: 284
Date: February 2007

 

Clients

S-Refit AG, Regensburg, BayBG Bayerische Beteiligungsgesellschaft mbH, Munich and UmweltBank AG, Nuremberg.

 

The role of Network Corporate Finance

Network Corporate Finance examined various share options for the three financial investors and advised the clients with regard to the capital market transaction.

< Back to overview